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Showing 1311 - 1320 of 3550 results for "October 2002"

Chief economist update: Hard target

BENJAMIN ONG  |  WEDNESDAY, 10 JUL 2019
With business conditions and confidence like it is, the Reserve Bank of Australia (RBA)'s full employment target just got a little harder to meet. Recall that in his speech at the RBA board dinner with the business community on June 4 - the night ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
If it were posted on Facebook, Wall Street would have "unliked" the strong US non-farm payrolls report for June - up a bigger-than-expected 224,000 from 72,000 in May. Meanwhile, the unemployment rate ticked up to 3.7% from 3.6% in May, remains near ...

Linda Elkins to depart Colonial First State

KANIKA SOOD  |  MONDAY, 8 JUL 2019
Colonial First State executive general manager Linda Elkins has resigned to replace Paul Howes at KPMG. Elkins has been appointed KPMG's national sector leader - asset and wealth management. She will join the firm effective August 5, taking over ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
A $5.6 billion superannuation fund will increase insurance premiums as part of the Protecting Your Super changes after recently reducing costs for members. From 1 August 2019, EISS Super members will pay more for death and TPD cover, and death only ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

KPMG names life insurance lead

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
KPMG has appointed a life insurance lead partner who previously held executive roles at AMP and Challenger. Pauline Blight-Johnston joins the consulting firm's actuarial and financial risk practice on October 8. She was most recently general manager ...

Industry funds consider $22bn merger

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
Two industry superannuation funds are considering merging to create a $22 billion superannuation fund. MTAA Super and Tasplan have entered into a binding Memorandum of Understanding to investigate a possible merger that would see the creation of a $22 ...

Pension giant awards $1bn in mandates

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
A $323 billion pension fund has awarded three separate mandates to boost its sustainable investment strategies. The California State Teachers' Retirement System selected three new global equity managers to collectively manage more than $1 billion across ...

OnePath awards $210m in mandates

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
OnePath awarded about $210 million in two separate mandates that were previously managed by UBS Asset Management. In December, UBS AM said it was transferring some of its investment management functions to external managers under new partnerships. Melbourne-based ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
... statement was later echoed by ECB governing council member Olli Rehn - touted as the next ECB head when Draghi steps down in October - ""We in the Governing Council are ready to act as appropriate unless there is improvement in the economic conditions... ...